Several law firms, including DLA Piper, Clifford Chance, Allen & Overy, and Macfarlanes, use artificial intelligence to efficiently complete administrative tasks and free up staff capacity for more complex tasks. AI can reduce the time taken on a due diligence exercise by up to 80%, as seen in DLA Piper’s collaboration with C3 Generative AI.
While AI’s potential inaccuracies and bias can be a problem, it can be used to help lawyers focus on delivering increased client value. The legal profession is increasingly exploring AI’s potential, with Microsoft partnering with DLA Piper to provide AI services and an ‘AI paralegal’ recently breezing through the Solicitors Qualifying Exam multiple choice questions.
Source: Roll on Friday
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